A period of sideways and down consolidation after a powerful bullish runup.
Conventionally, the target is determined by the length of the price runup (flag-pole) that preceded it.
Recommended to maintain non-directional options by bracketing both sides of the flag with stop-in levels
Conventionally, the target is determined by the length of the price runup (flag-pole) that preceded it.
Recommended to maintain non-directional options by bracketing both sides of the flag with stop-in levels
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.